Financial Fitness

Financial Fitness

Posted on 25 September 2013 by Kevin Wixson

That’s right folks, today we are going to teach you some helpful hints on how to get your money in shape. Paper money push-ups, loose change chin-ups and sit-ups for stocks and bonds are all part of the financial fitness program for survivalists that want to be prepared for an economic collapse. Seriously though folks, financial fitness is something we should all be concerned about in these tough, uncertain economic times.
In the United States, we operate a fiat currency system. This fiat money is the very reason financial fitness programs are a necessary consideration. Fiat currency is money deemed worthy by a government, even though it isn’t backed by anything of intrinsic value. In order for fiat money to function, those using it must retain faith in its value. If that faith is lost, that money becomes useless. The financial fitness steps you take today, could make or break your entire survival strategy. Financial fitness is not something you can put off until later, it is something that you should focus attention on as soon as possible.
THFS:

“Prepare your family by starting to live on less now. Start with small things by cutting out extra items like going out to eat, ice cream runs, and other trivial things. If your family is used to infrequent luxury items, when they completely disappear, it won’t be such a shock to them. Psychology of your group will be important with each passing day.”

This is the first step in developing a financial fitness program for your bug out plans. You don’t necessarily need to eliminate all of your excessive habits, but you will find life after SHTF easier to adjust to if you begin scaling back on your activities now.
THFS:

“Remember, there is intrinsic value in coins. Some are made of nickel, copper, or silver. These precious metals will increase in value as things get tough. If you’re able to diversify to silver and gold coins now, that’s a wise choice as well. Remember, a quarter is worth $0.25 today, but a quarter made before 1964 is actually worth about $7. The melt value alone of some of these coins are actually extremely valuable.”

Investing in the right type of coins and precious metals should be the second step of a financial fitness program. If the bottom falls out, fiat paper money may not be worth much more than toilet paper. Coins and precious metals have represented financial fitness for centuries and will do so again in a post economic collapse environment.
THFS:

“In the day and age of direct deposit, folks rely on the fact that their money is put directly into their bank accounts. When the SHTF, you may not have a job anymore. Therefore, you’ll need to think now about how you’ll generate income for your family. Whether you have a particular skill that is valuable or you’re able to generate some type of passive income you can rely on. Start planning now for that.”

Survivalists and preppers are people that have a passion for developing a more self-reliant lifestyle. Being able to generate your own income will be an essential financial fitness skill to have, as it will complete the self-reliant life cycle. These are just a few of the things that we can all do today to improve our individual financial fitness programs. Learning how to barter wouldn’t be a bad idea either, nor would stocking up on precious gems and jewelry, that can be melted down or used for trade bait.
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